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Jan 2, 2013 8:00pm PST
pete defauzio today. >> the democrats lost the peak of their negotiating capabilities by signing this deal. the republicans were pretty desperate to not get put in the place of raising everybody's taxes, and what they get here is a pretty sweet deal. speculators, investors they'll never pay more than 24% in taxes forever, according to this legislation. they'll pay a fraction of what working people today captains in the army, teachers, they'll pay 60%. so your hedge fund billionaires, they couldn't afford those tax cease increases. >> cenk: understand what he's saying. when the bush tax cut expires it went up to 55%. president obama didn't raise them from 55%. he lowered them to 40%. so taxes got cut and by the way, the ex-temperatures used to be $1 million, but now it's $5 million. so the millionaires and the billionaires love this deal. what about carry interest and dividend tax rates. those also went from 39.6% which is what they would have been if we just kept the expiration of the bush tax cut and did nothing to 20%. i got news for you. so you know what that is? that's the pr
Search Results 0 to 1 of about 2 (some duplicates have been removed)